The decline in the correction will probably continue

25.10.2021

The buyers met an insurmountable obstacle on their way. As soon as the maximum was updated, the vector of the movement has turned sharply and sellers have entered the business, which had led to a good decline. Meanwhile, it cannot yet be said that it has impulsive nature, but this is quite acceptable, taking into account that the development of a correctional decline is expected within the development of wave iv.

Also, the probability of further price decline remains high enough. The current local maximum will obviously be updated, so it is recommended to hold the previously opened sell deals for now. You can also open new positions based on current market values.

Investment idea: sell 113.75, stop loss 113.95, take profit 112.50.